India’s Deepak to shut IPA plant for two-week turnaround

02 April 2009 12:45  [Source: ICIS news]

SINGAPORE (ICIS news)--India’s Deepak Fertilisers and Petrochemicals will be shutting down its 70,000 tonne/year isopropanol (IPA) plant by the end of this week for annual maintenance, industry sources said on Thursday.

The Mumbai-based plant will be shut for two weeks, sources said. The plant is currently running at 70% of capacity.

Supplies in India could tighten as the shutdown will take 2,000 -2,500 tonnes of IPA out of the market, the source added.

Deepak has increased its IPA offer by Rupees (Rs)5-6/kg ($98-118/tonne) to Rs45-46/kg ex-wharf with effect from 1 April. Domestic offers in Kandla and Chennai had also surged by Rs 4/kg to Rs 46-47/kg ex-tank.

($1=Rs 50.87)

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By: Desmond Chia
+65 6780 4359



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